Contents

Introduction and Summary
	The problem of resource riches and the role of fiscal transparency
	Recent work by the IMF, the World Bank, and other agencies
	Approach and structure of the guide
Summary of Good Fiscal Transparency Practices for Resource Revenue Management
1.	Clarity of Roles and Responsibilities
	Legal framework for resource revenues
	Fiscal regime 1.2.2
	Authority over revenue flows and borrowing 1.2.2
	Equity participation 1.1.5
	Resource-related extrabudgetary funds 1.1.3
	National resource companies 1.1.4
	Quasi-fiscal activities, and social and environmental obligations of NRCs 1.1.4/1.1.5
	Subnational government and resource revenues 1.1.2
2.	Public Availability of Information
	Budget documentation of resource revenues and spending 2.1.1
	Reporting on company resource revenue payments 2.1.1
	Reporting on resource-related debt 2.1.4
	Reporting on resource-related assets 2.1.4
	Estimating resource asset worth 2.1.4/3.1.1
	Reporting off-budget activity 2.1.3
3.	Open Budget Preparation, Execution, and Reporting
	Fiscal policy and resource revenues 3.1.1
	Resource funds and fiscal rules 3.1.2
	Fiscal policy and asset management 3.1.1
	Fiscal balance 3.2.3/3.2.4
	Fiscal risks 3.1.5
	Accounting for resource revenues 3.3.1
	Internal control and audit of resource revenues 3.3.3
	Tax administration openness 3.3.3
4.	Assurances of Integrity
	Company oversight 1.1.4/1.1.5
	Oversight of company/government revenue flows 4.2.1
Boxes
1.	Natural Gas and Fiscal Transparency
2.	The Fiscal Regime and Government
3.	Elements of Asset Worth Estimation for Developing Countries
4.	International Resource Reserves Reporting-Emerging Standards
5.	Botswana's Prudent Management of Mineral Wealth
6.	Norway's Petroleum Fund-Best Practice Asset Management
Appendices
I.	Table 1. Hydrocarbon-Rich Coountries
	Table 2. Mineral-Rich Countries
II.	Code of Good Practices on Fiscal Transparency
References
Website references